Question: Michael is interested in obtaining 3 0 - year fixed mortgage rates in Myrtle Beach, SC . He obtained rate quotes from 6 lenders, and

Michael is interested in obtaining 30-year fixed mortgage rates in Myrtle Beach, SC. He obtained rate quotes from 6
lenders, and the APR rates that were quoted to him are given in the following table.
30-Year Fixed Mortgage Rates
Lender APR (%)
EverBank 3.502
AimLoan 3.627
Great Western 4.032
Greenlight 4.212
Flagstar 4.192
Quicken 4.012
Step 1 of 3: Compute the variance for this data. Round any intermediate calculations, if needed, to no less than six decimal places, and round your final answer to four decimal places.

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